Atlantic Trust Group LLC Purchases 12,479 Shares of Facebook Inc (FB)

Atlantic Trust Group LLC grew its position in shares of Facebook Inc (NASDAQ:FB) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,952 shares of the social networking company’s stock after purchasing an additional 12,479 shares during the quarter. Atlantic Trust Group LLC’s holdings in Facebook were worth $14,185,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Harbour Capital Advisors LLC raised its position in shares of Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after acquiring an additional 2,523,918 shares during the last quarter. State Street Corp increased its holdings in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares in the last quarter. Jennison Associates LLC increased its holdings in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares in the last quarter. Karp Capital Management Corp increased its holdings in Facebook by 6,222.5% in the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock worth $127,334,000 after purchasing an additional 882,228 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Facebook by 18.5% in the second quarter. Canada Pension Plan Investment Board now owns 4,858,950 shares of the social networking company’s stock worth $733,604,000 after purchasing an additional 758,700 shares in the last quarter. 57.86% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Facebook Inc (FB) opened at $172.83 on Wednesday. Facebook Inc has a twelve month low of $114.77 and a twelve month high of $184.25. The stock has a market capitalization of $502,700.00, a PE ratio of 33.74, a PEG ratio of 1.11 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 47.3% compared to the same quarter last year. equities analysts predict that Facebook Inc will post 5.86 EPS for the current fiscal year.

A number of equities research analysts have weighed in on FB shares. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Morgan Stanley set a $200.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective for the company in a report on Monday, August 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $199.18.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $173.58, for a total transaction of $130,185.00. Following the completion of the transaction, the vice president now owns 94,091 shares in the company, valued at $16,332,315.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 247,147 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $171.96, for a total value of $42,499,398.12. The disclosure for this sale can be found here. Insiders have sold 5,195,022 shares of company stock worth $924,578,276 over the last three months. 17.23% of the stock is currently owned by insiders.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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